Sodexo Keeps Targets After First-Half Sales Rise


Sodexo, the French food and facilities management services group, said on Wednesday fiscal first-half sales rose 9.2 percent on an underlying basis.

It said sales were 7.08 billion euros ($11.06 billion) versus 6.82 billion a year earlier.

"The strong performance of our teams in this first half gives us confidence that we will achieve our objectives for the current fiscal year of annual organic revenue growth of more than 7 percent, and around 12 percent for operating profit, at constant exchange rates, despite existing uncertainties in the current economic environment," Chief Executive Officer Michel Landel said in a statement.

Full first-half results will be published on April 17.